Amalgamated Bank Raises Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Amalgamated Bank increased its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,826 shares of the business services provider’s stock after buying an additional 521 shares during the period. Amalgamated Bank’s holdings in Verisk Analytics were worth $8,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Advisor Group LLC lifted its stake in shares of Verisk Analytics by 17.5% during the 3rd quarter. Private Advisor Group LLC now owns 3,221 shares of the business services provider’s stock worth $863,000 after purchasing an additional 479 shares during the period. International Assets Investment Management LLC increased its stake in Verisk Analytics by 26,695.7% in the third quarter. International Assets Investment Management LLC now owns 31,083 shares of the business services provider’s stock valued at $8,329,000 after purchasing an additional 30,967 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Verisk Analytics by 18.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,103 shares of the business services provider’s stock worth $4,583,000 after buying an additional 2,671 shares during the period. China Universal Asset Management Co. Ltd. boosted its stake in Verisk Analytics by 110.6% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,807 shares of the business services provider’s stock worth $484,000 after buying an additional 949 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in Verisk Analytics by 3.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,273 shares of the business services provider’s stock valued at $1,413,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $300.00 price target on shares of Verisk Analytics in a report on Tuesday, January 7th. Morgan Stanley upped their price objective on Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company increased their target price on Verisk Analytics from $313.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Barclays downgraded Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price target for the company. in a research report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $295.33.

Verisk Analytics Trading Up 0.9 %

NASDAQ:VRSK opened at $299.72 on Wednesday. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $300.50. The business’s 50-day moving average is $283.36 and its two-hundred day moving average is $277.87. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $42.32 billion, a PE ratio of 46.76, a price-to-earnings-growth ratio of 3.37 and a beta of 0.89.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.52%. The ex-dividend date was Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Insiders Place Their Bets

In other Verisk Analytics news, Director Bruce Edward Hansen sold 1,179 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $294.95, for a total value of $347,746.05. Following the completion of the transaction, the director now directly owns 13,786 shares of the company’s stock, valued at $4,066,180.70. This represents a 7.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kathy Card Beckles sold 2,111 shares of Verisk Analytics stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $282.06, for a total value of $595,428.66. Following the sale, the insider now directly owns 9,066 shares in the company, valued at approximately $2,557,155.96. The trade was a 18.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,469 shares of company stock worth $1,264,818 in the last 90 days. 0.40% of the stock is owned by company insiders.

Verisk Analytics Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.